A quick note from the Mak Family... After a season on the bench training hard with the Clarkson Rep team, we are so proud that NTM was "called up" to play in a few of their end-of-season games. This is the first season he's played with any Rep team. Usually he would play house league soccer or baseball with just one practice and one game per week. The level of commitment is so much higher with...
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The Toronto Rental Market Results for the 2nd Quarter are finally in! For condos in Toronto C01: 1-bedroom condos rented for $2,373 / month 2-bedroom condos rented for $3,319 / month 3-bedroom condos rented for $4,471 / month There are a lot of reasons for this upward trend. Interest rates are up so it's harder for many renters to afford their first home. There are also supply...
The average home sold for $1,074,754 across the GTA, which is an increase of +1.2% since last year.
My wife and I often go out for a stroll after dinner around our neighbourhood in Mississauga. As we rounded the corner, we saw some police cars and a lot of other people. It turns out, they were filming the movie, "You Are So Not Invited to My Bat Mitzvah!" Adam Sandler stars in this movie and has been seen quite a bit around the GTA. Unfortunately, we didn't get to meet him, but it's still...
Do you know the tenancy laws in Ontario? The tenancy laws in Ontario can get complicated for both Landlords and Tenants. So I was excited to interview Bita Di Lisi, founder of Stonegate Legal Services, who's firm is dedicated to helping Landlords through the tricky Ontario Residential Tenancy Act (RTA). It's a great interview covering the rental laws and what is permissible such as: • What...
The average home sold for $1,146,254 across the GTA, which is an increase of +5.2% since last year.
Can you just "get out" of a contract? When the real estate market is good, Sellers always ask if they can get out of the contract and find another Buyer. Similarly, now that the market has cooled a little bit, Buyers ask if they can somehow get out of the deal because the property isn't worth as much as it used to be! First off, a firm deal is a firm deal. It means that the Buyer promised a...
Pretty much everyone I talk with and the Media are saying the same thing - it's a Buyer's Market out there! But is this true? Due to many factors, such as the interest rates, the average price of homes have been falling. If you are looking to buy, properties are sitting longer on the market and there is much more selection out there. Since February, it's been dropping month after month. ...
The average home sold for $1,212,806 across the GTA, which is an increase of +9.4% since last year.
Still undecided about the election? I just wanted to touch on the government as it relates to real estate. Real estate is under the jurisdiction of the Province, and so which Party in power is important. Except for the rare circumstances when the Federal government gets involved (Foreign Buyers Tax, Principal Tax Exemption, HST or Capital Gains etc), the Province is responsible for everything...